Things are looking up for the Nigerian film industry. In terms of revenue, the industry is grossing more than ever before at the box office. The Managing Director, FilmOne Distribution/Production, Moses Babatope, revealed this much at the just concluded Nigerian International Film (NIF) Summit held in Lagos. Nollywood earns N4.4b as at August -Moses Babatope, FilmOne boss
According to him, as at August 31, 2019, the industry grossed a whopping N4.4 billion at the box office. He said the figure is the earnings from the 53 cinemas and 133 screens across the country owned by six exhibitors.
“These figures are cooled by Comscore as at August 31. Out of this, N741.47 million and N652.03 million earnings were recorded in April and August respectively. This is closely followed by N577.13 million in May and N567.72 million in July.
“The earnings in January came to N560.43 million and was due to two major December titles: Aquaman and Chief Daddy, which continued to lead in spite of newer January introductions,” he said.
Babatope noted that the low earnings of N319.24 million in February and N436.18 million in March were due to the election violence and postponement, which affected the box office forecast. He said that within the eight months period, over 79 Nollywood titles were released as compared with over 50 Hollywood titles. Things are looking up for the Nigerian film industry. In terms of revenue, the industry is grossing more than ever before at the box office. The Managing Director, FilmOne Distribution/Production, Moses Babatope, revealed this much at the just concluded Nigerian International Film (NIF) Summit held in Lagos. Nollywood earns N4.4b as at August -Moses Babatope, FilmOne boss
According to him, the 10 top Hollywood releases for the period were Avengers End Game, The Lion King, Hobbs and Shaw, Captain Marvel, Aladdin, Spiderman Far from Home, John Wick, What Men Want, Shazam, and Alita. And the top 10 Nollywood releases included The Bling Lagosians, The Set Up, Mokali, Gold Status, Knock Out, Hire a Woman, Coming from Insanity, She Is, The Re-Union, and Makate Must Sell. Things are looking up for the Nigerian film industry. In terms of revenue, the industry is grossing more than ever before at the box office. The Managing Director, FilmOne Distribution/Production, Moses Babatope, revealed this much at the just concluded Nigerian International Film (NIF) Summit held in Lagos. Nollywood earns N4.4b as at August -Moses Babatope, FilmOne boss
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